For more information on Alphability, please see page 56 of the Q3 2007 edition of Automated Trader or visit http://www.automatedtrader.net/Alphability.xhtm
Figure 1: Daily Trend Alphability - top five Dow stocks
Alcoa has its day in the sun at last, knocking Bank of America into second position. The blow up from September 15th shows how. Elsewhere, the large yellow digging machine moves up one slot since our last issue.
Figure 2: Daily Trend Alphability - bottom five Dow stocks
It's unfair to mock the afflicted, so no blow up of J & J this issue. Though that spike up from P & G shows it will have to shape down if it's ever going to knock old faithful off the bottom slot.
Figure 3: Daily Trend Alphability - bond futures
The blow up of the first three hours of T-Bonds on July 21st tells you all you need to know - someone in Chicago is inhaling something illegal.
Figure 4: Daily Trend Alphability - stock index futures
...as they evidently also were in Frankfurt on July 13th.
Figure 5: Daily Reversal Alphability - top five Dow stocks
Plenty of vol and plenty of zig and zag means Bank of America has the compensation of retaining top slot in the Reversal Alphability stakes, as the blow up of July 7th shows.
Figure 6: Daily Reversal Alphability - bottom five Dow stocks
Some of these youthful pretenders to J & J's throne of tedium just don't have a clue, as Wal-Mart's over-exuberance on September 3rd and 10th illustrates. I mean really.
Figure 7: Daily Reversal Alphability - bond futures
Further confirmation of hallucinogenic consumption in Chicago, as the blow up for August 31st shows. The T-Bond has clearly decided it would rather be a stock index future.
Figure 8: Daily Reversal Alphability - stock index futures
...while certain stock index futures are evidently heading in the opposite direction. Zzzz.